***SECTION 8 WELCOME***Beautiful remodeled community located in the heart of Downtown Sacramento for adults 55 years or older. We are close to Downtown Plaza, all major bus lines and across the street from Amtrak. Each apartment home has a full kitchen with electric range, refrigerator and garbage disposal. Central heat and air as well as carpet and blinds. Our community has controlled access and an excellent on site management and maintenance staff.
Patio, Deck Or Balcony
Close to Downtown District
Close to Public Transportation
Managed By EPMI
Ping Yuen Apartments was developed and operates with Federal housing financing.
The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.
Low Income Housing Tax Credit
The property was developed using the Low Income Housing Tax Credit Program.
This program incentivizes investors to inject capital into rental apartments for lower income Americans.
The property received a tax credit allocation in 2003 for $439,220 with a 10 year value of $4,392,200.
The property was placed in service in 2004.
81 of 82
units at Ping Yuen Apartments are low income and subject to the tax credit program.
The property, at the time of the tax credit allocation,
was located in
a Qualified Census Tract and a Difficult Development Area qualifying it for additional tax credit financing.
Ping Yuen Apartments is an affordable apartment community located in Sacramento, California
which is located in Sacramento County.
The property is located in California's 6th Congressional
District served by Representative Doris Matsui (D),
Senator Kamala Harris (D) and Senator Dianne Feinstein (D).
Ping Yuen Apartments is an apartment community containing 82 rental units.
This property serves seniors. The property contains 48 bedrooms and based on typical apartment occupancy limits, Ping Yuen Apartments
is home to not more than 106† persons when fully occupied.
This property does not provide any Federal rent subsidies to renters
reducing total tenant payments to 30% of their adjusted income. Renters are required to
pay the full rent, even if it is in excess of 30% of their income. In some cases the
property may accept Section 8 Housing Choice vouchers.
Ping Yuen Apartments contains a mix of 82 assisted
studio and one bedroom apartments for rent. There are 34 Studio and 48 One Bedroom apartments in this property. The unit mix is 41% Studio and 59% One Bedroom apartment rentals. The average bedroom size for Ping Yuen Apartments is 0.59.